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☆ Tesla’s Chair Under Scrutiny for Oversight of Elon Musk
▼ + stars: | 2024-02-15 | by ( Natasha Frost | Jack Ewing | ) www.nytimes.com time to read: +1 min

Elon Musk, the chief executive and public face of Tesla, is constantly making news and broadcasting his opinions on his social media site, X. To some analysts and investors, Ms. Denholm is the “adult in the room” who has helped Mr. Musk turn Tesla into the world’s most valuable automaker. But to her critics, she has failed at her most important job: serving as a check on Mr. Musk. Late last month, a Delaware judge sharply criticized Ms. Denholm’s leadership while striking down Mr. Musk’s 2018 compensation package, which is worth more than $50 billion. Ms. Denholm took a “lackadaisical approach to her oversight obligations” at Tesla, said Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery.

Persons: Elon Musk, —, Robyn M, Denholm, Musk, Musk’s, Kathaleen St, J . McCormick Locations: Australia, Delaware

☆ How Henry Taylor Transformed the Way We Look at Ourselves
▼ + stars: | 2023-10-19 | by ( M.H. Miller | ) www.nytimes.com time to read: +111 min

HENRY TAYLOR How the figurative painter made portraiture the dominant mode of art in our era — and changed the way America sees itself. It was Henry Taylor doing Henry Taylor, like a pop star in his Vegas residency phase. A few seasons earlier, for Miu Miu’s spring 2022 collection, Prada delivered raw-edge chino micro-miniskirts belted below the hip bone. Firstview (8); courtesy of Prada PRADA STILL resides in the Milanese apartment where she and her two older siblings, Marina and Alberto, grew up. David Lee/© Fox Searchlight Pictures, via Everett Collection Latifah on “The Equalizer” in 2023.

Persons: Queen Latifah Annette Bening Henry Taylor Miuccia Prada, I’m, Queen Latifah, Henry Taylor, D’Angelo Lovell Williams, Miuccia Prada, Collier Schorr, Annette Bening, Katy Grannan, Delphine Danhier, Rob Talty, Sara Tagaloa, Rahim Fortune, Ian Bradley, Iasia Merriweather, Raisa, Prada, you’ve, YANAGIHARA, HENRY TAYLOR, Taylor, Thom Browne cardigan, ”, “ I’ve, Philando, Diamond Reynolds, Henry Taylor’s “, Mark Dever, Dever, “, ” Dever, Castile, he’ll, Steve Cannon, Cannon, —, ” Taylor, Joshua White, panhandlers —, he’s, Cora, isn’t, He’s, Michelle Obama, Bob Dylan, Alice Coachman, Chuck Berry, Jay, Stanley Williams, Haile Selassie I, there’s, Taylor’s “ Cora, Jeff McLane Taylor, who’ve, — Pablo Picasso, Philip Guston, Henri Matisse, Robert Rauschenberg —, Donald Trump’s, he’d, Picasso, Jordan Casteel, Kerry James Marshall, Jennifer Packer, Amy Sherald, Barack Obama, Michelle, Pharrell Williams, Kendrick Lamar’s, He’d, Emmett Till, Till, Till’s, Dana Schutz, Hannah Black, Schutz, William Styron, Nat Turner, George Jackson, Randy, Jackson, “ George Jackson ”, Dylan, Medgar Evers, Evers, Ku Klux Klan who’d, who’d, Taylor’s “ Cicely, Miles, Sam Kahn, Hershal, Taylor didn’t, Taylor’s, who’s, Bill Traylor, James Jarvaise, Jarvaise, Rauschenberg, Jasper Johns, Louise Nevelson, Frank Stella, Mark Bradford —, Hauser, Wirth —, Michel Foucault, Jacques Derrida, Camarillo, they’re, “ I’m, Carl Lewis ”, Robert Bean, Hershal Taylor, hadn’t, Rodney King, Kathryn Brennan, Sean Bell, Bell, Klaus Biesenbach, James Brown, Brown, shuffles, King James, bro, Johnny Walker, Clint Strozier, George Washington, Cesar Chavez, Chavez, Boycott, “ I’d, Stokely Carmichael, ” D’Angelo Lovell Williams MIUCCIA PRADA, David Cronenberg, Jean, Luc Godard, Dara Birnbaum, Galleria Vittorio Emanuele II, Mario Prada, Patrizio Bertelli, Miu Miu, Guy Marineau, Condé Nast, Homer, “ Prada Marfa, Lauren Weisberger’s, Wears, Drake, Prada hasn’t, Carsten Höller, “ It’s, Suzanne Koller Prada, Suzanne Koller, Gerhard Richter, — Rei Kawakubo, Martin Margiela, she’s, Domenico Dolce, Stefano Gabbana, Donatella Versace, Suzanne Koller “, Francesco Vezzoli, Olivier Rizzo, Ferdinando Verderi, Theaster Gates, Uma Thurman, Frank Ocean, Carla Sozzani, Corso, Vivienne Westwood, Yves Saint Laurent, jolie laide, It’s, “ She’s, Lotta Volkova, Miu Miu’s, Guido Palau, they’d, ‘, Tom Ford, prim, ” Prada, Prada PRADA, Luisa Prada —, Sozzani —, Miuccia’s, Luigi Bianchi, she’d, Godard, Pier Paolo Pasolini, Bertelli, we’re, Lorenzo Bertelli, Giulio Bertelli, ” Francesco Risso, ” Risso, Fabio Zambernardi, “ Bottega, Gaetano Pesce, Saint Laurent, Pedro Almodóvar, Rem Koolhaas, ” James Jean, Frédéric Sanchez, Sanchez, cardigans, Marc Jacobs, Robert Gober, Louise Bourgeois, Gober, Suzanne Koller Prada pongee, — Prada, Milano, Damien Hirst, ” Koolhaas, Koolhaas, Wes Anderson — who’s, Bar Luce, Fondazione Prada —, ” “, Hirst, Prada sighed, ’ ” Prada, Miuccia Prada hasn’t, Raf Simons, Prada’s, Simons, ” Simons, Dior, Calvin Klein, Jil Sander, ” he’d, Miuccia, ’ ”, Andrea Guerra, Lorenzo, ” Miu, Antoneta Alamat, ” Miuccia Prada, Elio Berenett, Saunders, Awar Odhiang, Jonas Glöer, Chloe Nguyen, Estrella Gomez, America Gonzalez, Marie Duhart, Rafael Medeiros, Stefano Poli, Ariel Sadok, Cameron Koskas, Vassili, Alexandra Adams, Vincent Brière, Vira, Natsuki Oneyama, Joel Phillips, Manicurist’s, Akane Kanazawa, Marek Dague, QUEEN LATIFAH, DANA OWENS, She’d, Melle Mel, Big Daddy Kane, D.J.s, Owens, Nikki Giovanni, Octavia E, Butler, M.C.s, Latifah, Jazzy Joyce, MC Lyte, Lyte, ” Latifah, We’re, She’s, Shakim Compere, Norma Kamali, David Yurman, David Webb, Ian Bradley Louis Vuitton, Monie, Gary Gray’s, Tracy Oliver, Kenya Barris, Megan Thee, Viola Davis, it’s, LATIFAH, Michael Jackson, Shakim, Rita Owens, Compere, Rita, scions, Amina, Amiri Baraka, Lauryn Hill, Latifah wasn’t, Lyte’s, Roxanne, Roxanne Shanté, Dana Owens, Danyel Smith, Queen Latifah —, Latifah ”, Tommy Boy, Jada Pinkett Smith, I’d, ’, ” Pinkett Smith, Al Pereira, Michael Ochs, Raymond Boyd, Getty, D’s, Gray, Latifah’s, Luther Vandross’s, Lancelot Owens Jr, Winki, Kierna Mayo, Love, merrily hyperhappy, Harriet Tubman, Angela Davis, Winnie Mandela, Tipper Gore, Al Gore, ” Love, Giorgio Armani, Van Cleef, Will Smith’s, Bel, Amanda Wicks, John Singleton’s “, Cleo, Clover Hope, “ Will, Smith, Wright ”, “ Bessie, Bessie Smith, Dee Rees, Ma Rainey, Jack Gee, Michael K, Williams, Compere’s, helpfully, Sylvia Robinson, Debra Martin Chase, Wright ” —, Lancelot Owens Sr, Pinkett Smith, Edward Woodward, Denzel Washington, Latifah’s Robyn McCall, Danyel, Vi, Lorraine Toussaint, Robyn, Paul Drinkwater, Cress Williams, Adam Lazarre, Everett, Kimberly Elise, Vivica, Nicola Goode, LL, “ Bessie ”, Frank Masi, David Lee, Jocelyn Prescod, scleroderma, David Jolicoeur, Love —, Eboni Nichols, she’ll, gazes, Bruce Springsteen, Sarah Vaughan, Frank Sinatra, They’ve, Cartier, Iasia Estée, Raisa Flowers, Adrien Potier, Fallou, Nuvany David, Manicurist, Lisa Logan, Derrick Bernard, Casey Jones, Stylist’s, Charles Ndiomu, Tyler Sparling, ANNETTE BENING, Diana Nyad, “ Nyad, Bening’s, Jimmy Chin, Elizabeth Chai Vasarhelyi, Alex Honnold’s, ” Chin, Nyad, Bening, Rada Owen, Owen “, Ralph Lauren, Carrie Fisher’s, Julia ”, Robert Caro, ” Bening, that’s, Delphine Danhier Gabriela Hearst poncho, Dianne Feinstein, Austin Butler, Elvis, manqué, Mike Mills, Nyad ”, Diana, Cillian Murphy, “ Oppenheimer, Kurt Collins, BENING, Tina, Tony, Pierre Choderlos, didn’t, Marquise de Merteuil, Milos Forman’s “, Glenn Close, Valmont, Lisa Cholodenko, Meryl Streep, Alexander McQueen, Forman, Stephen Frears, Myra Langtry, Langtry, Bugsy ”, Warren Beatty, moll Virginia Hill, Reagan, Ben Organizations: Minn, Facebook, Hauser & Wirth, Museum of Contemporary Art, Whitney Museum of American Art, MoMA, Los, Whitney Biennial, Biennial, Black America, New York Times, Louis Vuitton, Black Panthers, U.S ., San, Prison, Ku Klux Klan, Ardmore, New York’s Museum of Modern, California Institute of Arts, Wirth, CalArts, Mental Hospital, Studio Museum, Queens, Times, Flames, University of Southern, Fondazione Prada, New, Galleria Vittorio, Prada, Prada Group, Olympic, Harvard, Gucci, University of Milan, Union of Italian, Communist Party, ABC, Suzanne Koller Journalists, Yorker, Milano Prada Arte, Fondazione, tote, New York, Guggenheim, OMA, Next Management, Oui Management, Ford Models, Lumien, Management Paris, IMG Models, America, Bryant Artists, Burger, Swatch, Irvington High School, Black Arts, Hit Factory, Ramada, Hollywood, Flavor Unit Entertainment, CBS, WHO, Factory, Irvington, Tommy Boy Records, Unit, Michael Ochs Archives, Getty, AMC, Play Studios, Music Resource Center, “ Chicago ”, HBO, Jazz, Mo’Nique, Sugar Hill Records, Winki, ”, NBCU, Warner Brothers, Fox, Miramax, Paramount, Fox Searchlight Pictures, Everett, Bank, BET, Hawks, Mori, Digital, Key West, Liverpool ”, SAG, Telluride Film, Variety, Broadway, Miami, Writers Guild of America Locations: Los Angeles, Koreatown, Philando Castile, St, Paul, Oxnard, California, New York, “, Queens, Chicago, Mississippi, U.S, San Quentin, Castile, bro, Naples, East Texas, Ardmore, Alabama, Camarillo, Santa Barbara, Oakland, Oaks, Harlem, York, Long Island City, Spain, Vegas, University of Southern California, Texas, Milan, Canadian, Switzerland, ”, Marfa , Texas, Italian, Belgian, Corso Como, Paris, British, chino, Firstview, Milanese, Alberto, Europe, Italy, —, Taiwanese American, there’s, Manhattan, Koolhaas, Rotterdam, Netherlands, New, Antwerp, Croatian, America, Newark , N.J, Midtown Manhattan, Hudson, Brooklyn, Hit Factory , New York City, NoHo, New York City, Lafayette 148 New York, New Jersey, Newark, Jersey, Baltimore, Milwaukee, Hollywood, “ Chicago, Watts, Havana, Key, Fla, Bening, Dominican Republic, Capitan, Yosemite, San Diego, Simi Valley, Calif, Givenchy, Liverpool, Nyad, Cuba, Florida, San Francisco, Denver, Tina Howe’s, Champagne, yips

☆ Annette Bening Knows a Thing or Two About Difficult Women
▼ + stars: | 2023-10-19 | by ( Ligaya Mishan | ) www.nytimes.com time to read: +111 min

© TriStar/Everett Collection Bening and Warren Beatty in “Bugsy.” Everett Collection Bening in “American Beauty” (1999). © DreamWorks/courtesy of Everett Collection Bening and Jeremy Irons in “Being Julia” (2004). © Sony Pictures Classics/Everett Collection Bening and Julianne Moore in “The Kids Are All Right” (2010). Suzanne Tenner/© Focus Features, via Everett Collection Bening and Billy Crudup in “20th Century Women” (2016). Firstview (8); courtesy of Prada PRADA STILL resides in the Milanese apartment where she and her two older siblings, Marina and Alberto, grew up.

Persons: Queen Latifah Annette Bening Henry Taylor Miuccia Prada, I’m, Queen Latifah, Henry Taylor, D’Angelo Lovell Williams, Miuccia Prada, Collier Schorr, Annette Bening, Katy Grannan, Delphine Danhier, Rob Talty, Sara Tagaloa, Rahim Fortune, Ian Bradley, Iasia Merriweather, Raisa, Prada, you’ve, YANAGIHARA, ANNETTE BENING, Diana Nyad, “ Nyad, ”, Bening’s, Jimmy Chin, Elizabeth Chai Vasarhelyi, Alex Honnold’s, ” Chin, “, Nyad, Bening, —, Rada Owen, Owen “, Ralph Lauren, Carrie Fisher’s, Julia ”, Robert Caro, ” Bening, that’s, Delphine Danhier Gabriela Hearst poncho, Dianne Feinstein, She’s, Austin Butler, Elvis, manqué, “ It’s, Mike Mills, Nyad ”, Diana, he’s, Cillian Murphy, “ Oppenheimer, Kurt Collins, BENING, Tina, Tony, Pierre Choderlos, didn’t, Marquise de Merteuil, Milos Forman’s “, Glenn Close, Valmont, she’s, Lisa Cholodenko, Meryl Streep, Alexander McQueen, Forman, Stephen Frears, Myra Langtry, Langtry, Bugsy ”, she’d, Warren Beatty, moll Virginia Hill, Reagan, “ I’ve, Fairuza, “ Valmont ”, “ Bugsy ”, “ Bugsy, ” Everett, Jeremy Irons, Julianne Moore, Suzanne Tenner, Billy Crudup, Merrick Morton, “ Nyad ”, ” Liz Parkinson, Liz Parkinson, Angela Bassett, Frances McDormand, Tilda Swinton, Rather, you’re, Pete Zuccarini, Jodie Foster, Nyad’s, Tracy Letts, ” Letts, — “, Beatty, ” Mills, Ella Beatty, “ She’s, ” Vasarhelyi, Dale Carnegie’s, Sophie Buhai, Vasarhelyi, they’re, I’ve, slathering, Michael Douglas, Robert De Niro, Harrison Ford, Julia, callow, Shaun Evans, Corey Stoll, Howard Hughes —, “ I’m, it’s, Jesse Hoffman, Cam Lindfors, Christian Scutt, Ronna Jones, Francesca Martin, Susie Kourinian, Rachel Pollen, Jazmine Robinson, MIUCCIA PRADA, David Cronenberg, Jean, Luc Godard, Dara Birnbaum, Galleria Vittorio Emanuele II, Mario Prada, Patrizio Bertelli, Miu Miu, Guy Marineau, Condé Nast, Homer, “ Prada Marfa, Lauren Weisberger’s, Wears, Drake, Prada hasn’t, Carsten Höller, Suzanne Koller Prada, Suzanne Koller, Gerhard Richter, — Rei Kawakubo, Martin Margiela, Domenico Dolce, Stefano Gabbana, Donatella Versace, Suzanne Koller “, Francesco Vezzoli, Olivier Rizzo, Ferdinando Verderi, Theaster Gates, Uma Thurman, Frank Ocean, Carla Sozzani, Corso, Vivienne Westwood, Yves Saint Laurent, jolie laide, It’s, Lotta Volkova, Miu Miu’s, Guido Palau, they’d, ‘, Tom Ford, prim, ” Prada, Prada PRADA, Luisa Prada —, Sozzani —, Miuccia’s, Luigi Bianchi, Godard, Pier Paolo Pasolini, Bertelli, we’re, Lorenzo Bertelli, Giulio Bertelli, ” Francesco Risso, ” Risso, Fabio Zambernardi, “ Bottega, Gaetano Pesce, Saint Laurent, Pedro Almodóvar, Rem Koolhaas, ” James Jean, Frédéric Sanchez, Sanchez, cardigans, Marc Jacobs, Robert Gober, Louise Bourgeois, there’s, Gober, Suzanne Koller Prada pongee, — Prada, Milano, Damien Hirst, ” Koolhaas, Koolhaas, “ I’d, Wes Anderson — who’s, Bar Luce, Fondazione Prada —, ” “, Hirst, Prada sighed, ’ ” Prada, Miuccia Prada hasn’t, Raf Simons, Prada’s, Simons, ” Simons, Dior, Calvin Klein, Jil Sander, ” he’d, Miuccia, ’ ”, Andrea Guerra, Lorenzo, who’d, ” Miu, Antoneta Alamat, ” Miuccia Prada, Elio Berenett, Saunders, Awar Odhiang, Jonas Glöer, Chloe Nguyen, Estrella Gomez, America Gonzalez, Marie Duhart, Rafael Medeiros, Stefano Poli, Ariel Sadok, Cameron Koskas, Vassili, Alexandra Adams, Vincent Brière, Vira, Natsuki Oneyama, Joel Phillips, Manicurist’s, Akane Kanazawa, Marek Dague, QUEEN LATIFAH, DANA OWENS, She’d, Melle Mel, Big Daddy Kane, D.J.s, Owens, Nikki Giovanni, Octavia E, Butler, M.C.s, Latifah, Jazzy Joyce, MC Lyte, Lyte, ” Latifah, We’re, Shakim Compere, Norma Kamali, David Yurman, David Webb, Ian Bradley Louis Vuitton, Monie, Gary Gray’s, Tracy Oliver, Kenya Barris, Megan Thee, Viola Davis, LATIFAH, Michael Jackson, who’ve, Shakim, Rita Owens, Compere, Rita, scions, Amina, Amiri Baraka, Lauryn Hill, Latifah wasn’t, Lyte’s, Roxanne, Roxanne Shanté, Dana Owens, Danyel Smith, Queen Latifah —, Latifah ”, Tommy Boy, Jada Pinkett Smith, I’d, ’, ” Pinkett Smith, Al Pereira, Michael Ochs, Raymond Boyd, Getty, D’s, Gray, Latifah’s, Luther Vandross’s, Lancelot Owens Jr, Winki, Kierna Mayo, Love, merrily hyperhappy, Harriet Tubman, Angela Davis, Winnie Mandela, Tipper Gore, Al Gore, ” Love, Giorgio Armani, Van Cleef, Will Smith’s, Bel, Amanda Wicks, John Singleton’s “, Cleo, Clover Hope, “ Will, Smith, Wright ”, “ Bessie, Bessie Smith, Dee Rees, Ma Rainey, Jack Gee, Michael K, Williams, Compere’s, helpfully, Sylvia Robinson, Debra Martin Chase, Wright ” —, Lancelot Owens Sr, Pinkett Smith, Edward Woodward, Denzel Washington, Latifah’s Robyn McCall, Danyel, Vi, Lorraine Toussaint, Robyn, Paul Drinkwater, Cress Williams, Adam Lazarre, Everett, Kimberly Elise, Vivica, Nicola Goode, LL, “ Bessie ”, Frank Masi, David Lee, Jocelyn Prescod, scleroderma, David Jolicoeur, Love —, Eboni Nichols, she’ll, gazes, Bruce Springsteen, Sarah Vaughan, Frank Sinatra, They’ve, Cartier, Iasia Estée, Raisa Flowers, Adrien Potier, Fallou, Nuvany David, Manicurist, Lisa Logan, Derrick Bernard, Casey Jones, Stylist’s, Charles Ndiomu, Tyler Sparling, HENRY TAYLOR, Taylor, Thom Browne cardigan, Philando, Diamond Reynolds, Henry Taylor’s “, Mark Dever, Dever, ” Dever, Castile, he’ll, Steve Cannon, Cannon, ” Taylor, Joshua White, panhandlers —, Cora, isn’t, He’s, Michelle Obama, Bob Dylan, Alice Coachman, Chuck Berry, Jay, Stanley Williams, Haile Selassie I, Taylor’s “ Cora, Jeff McLane Taylor, — Pablo Picasso, Philip Guston, Henri Matisse, Robert Rauschenberg —, Donald Trump’s, he’d, Picasso, Jordan Casteel, Kerry James Marshall, Jennifer Packer, Amy Sherald, Barack Obama, Michelle, Pharrell Williams, Kendrick Lamar’s, He’d, Emmett Till, Till, Till’s, Dana Schutz, Hannah Black, Schutz, William Styron, Nat Turner, George Jackson, Randy, Jackson, “ George Jackson ”, Dylan, Medgar Evers, Evers, Ku Klux Klan who’d, Taylor’s “ Cicely, Miles, Sam Kahn, Hershal, Taylor didn’t, Taylor’s, who’s, Bill Traylor, James Jarvaise, Jarvaise, Rauschenberg, Jasper Johns, Louise Nevelson, Frank Stella, Mark Bradford —, Hauser, Wirth —, Michel Foucault, Jacques Derrida Organizations: Key West, Liverpool ”, SAG, Telluride Film, Variety, Broadway, Miami, Writers Guild of America, Orion Pictures, Everett, Miramax, DreamWorks, Sony Pictures, Netflix, Kimberley, Juilliard, Hollywood, Forward Artists, Fondazione Prada, New, Galleria Vittorio, Prada, Prada Group, Olympic, Harvard, Gucci, University of Milan, Union of Italian, Communist Party, ABC, Suzanne Koller Journalists, Yorker, Milano Prada Arte, Fondazione, tote, New York, Guggenheim, OMA, Next Management, Oui Management, Ford Models, Lumien, Management Paris, IMG Models, America, Bryant Artists, Burger, Swatch, Irvington High School, Black Arts, Hit Factory, Ramada, Flavor Unit Entertainment, CBS, WHO, Factory, Irvington, Tommy Boy Records, Unit, Michael Ochs Archives, Getty, AMC, Play Studios, Music Resource Center, “ Chicago ”, HBO, Jazz, Mo’Nique, Sugar Hill Records, Winki, ”, NBCU, Warner Brothers, Fox, Paramount, Fox Searchlight Pictures, Bank, BET, Hawks, Mori, Digital, Minn, Facebook, Hauser & Wirth, Museum of Contemporary Art, Whitney Museum of American Art, MoMA, Los, Whitney Biennial, Biennial, Black America, New York Times, Louis Vuitton, Black Panthers, U.S ., San, Prison, Ku Klux Klan, Ardmore, New York’s Museum of Modern, California Institute of Arts, Wirth Locations: Havana, Key, Fla, Bening, Dominican Republic, Capitan, Yosemite, San Diego, Los Angeles, Simi Valley, Calif, Givenchy, Liverpool, Nyad, Cuba, Florida, San Francisco, Denver, New York, Tina Howe’s, Champagne, yips, America, Hollywood, “, Kimberley, “ Nyad, American, Topeka, Kan, Wichita, San Fernando Valley, San Carlos, Milan, Canadian, Switzerland, ”, Marfa , Texas, Italian, Belgian, Corso Como, Paris, British, chino, Firstview, Milanese, Alberto, Europe, Italy, —, Taiwanese American, there’s, Manhattan, Koolhaas, Rotterdam, Netherlands, New, Antwerp, Croatian, Newark , N.J, Midtown Manhattan, Hudson, Brooklyn, Hit Factory , New York City, NoHo, New York City, Lafayette 148 New York, New Jersey, Newark, Jersey, Baltimore, Chicago, Milwaukee, Queens, “ Chicago, Watts, Koreatown, Philando Castile, St, Paul, Oxnard, California, Mississippi, U.S, San Quentin, Castile, bro, Naples, East Texas, Ardmore, Alabama

☆ Queen Latifah Redefined Being a Multihyphenate — and Made It Look Easy
▼ + stars: | 2023-10-19 | by ( Emily Lordi | ) www.nytimes.com time to read: +111 min

© Miramax/courtesy of Everett Collection Latifah and LL Cool J in “Last Holiday” (2006). © Paramount/courtesy of Everett Collection Latifah in “Bessie” (2015). David Lee/© Fox Searchlight Pictures, via Everett Collection Latifah on “The Equalizer” in 2023. Firstview (8); courtesy of Prada PRADA STILL resides in the Milanese apartment where she and her two older siblings, Marina and Alberto, grew up. © TriStar/Everett Collection Bening and Warren Beatty in “Bugsy.” Everett Collection Bening in “American Beauty” (1999).

Persons: Queen Latifah Annette Bening Henry Taylor Miuccia Prada, I’m, Queen Latifah, Henry Taylor, D’Angelo Lovell Williams, Miuccia Prada, Collier Schorr, Annette Bening, Katy Grannan, Delphine Danhier, Rob Talty, Sara Tagaloa, Rahim Fortune, Ian Bradley, Iasia Merriweather, Raisa, Prada, you’ve, YANAGIHARA, QUEEN LATIFAH, DANA OWENS, “, She’d, Melle Mel, Big Daddy Kane, she’d, D.J.s, Owens, Nikki Giovanni, Octavia E, Butler, M.C.s, Latifah, Jazzy Joyce, MC Lyte, Lyte, ” Latifah, We’re, She’s, Shakim Compere, ”, Norma Kamali, David Yurman, David Webb, Ian Bradley Louis Vuitton, Monie, Gary Gray’s, Tracy Oliver, Kenya Barris, Megan Thee, Viola Davis, it’s, LATIFAH, Michael Jackson, who’ve, Shakim, Rita Owens, Compere, Rita, scions, Amina, Amiri Baraka, Lauryn Hill, Latifah wasn’t, Lyte’s, Roxanne, Roxanne Shanté, Dana Owens, Danyel Smith, Queen Latifah —, Latifah ”, Tommy Boy, Jada Pinkett Smith, I’d, ’, ” Pinkett Smith, Al Pereira, Michael Ochs, Raymond Boyd, Getty, D’s, Gray, Latifah’s, Luther Vandross’s, Lancelot Owens Jr, Winki, Kierna Mayo, Love, merrily hyperhappy, Harriet Tubman, Angela Davis, Winnie Mandela, Tipper Gore, Al Gore, ” Love, they’d, Giorgio Armani, Van Cleef, Will Smith’s, Bel, Amanda Wicks, John Singleton’s “, Cleo, Clover Hope, “ Will, Smith, —, Wright ”, “ Bessie, Bessie Smith, Dee Rees, Ma Rainey, Jack Gee, Michael K, Williams, Compere’s, helpfully, Sylvia Robinson, Debra Martin Chase, Wright ” —, Lancelot Owens Sr, Pinkett Smith, Edward Woodward, Denzel Washington, Latifah’s Robyn McCall, Danyel, Vi, Lorraine Toussaint, Robyn, Paul Drinkwater, Cress Williams, Adam Lazarre, Everett, Kimberly Elise, Vivica, Nicola Goode, LL, “ Bessie ”, Frank Masi, David Lee, Jocelyn Prescod, scleroderma, David Jolicoeur, Love —, she’s, Eboni Nichols, she’ll, gazes, Bruce Springsteen, Sarah Vaughan, Frank Sinatra, “ I’m, It’s, They’ve, Cartier, Iasia Estée, Raisa Flowers, Adrien Potier, Fallou, Nuvany David, Manicurist, Lisa Logan, Derrick Bernard, Casey Jones, Stylist’s, Charles Ndiomu, Tyler Sparling, MIUCCIA PRADA, David Cronenberg, Jean, Luc Godard, Dara Birnbaum, Galleria Vittorio Emanuele II, Mario Prada, Patrizio Bertelli, Miu Miu, Guy Marineau, Condé Nast, Homer, “ Prada Marfa, Lauren Weisberger’s, Wears, Drake, Prada hasn’t, Carsten Höller, “ It’s, Suzanne Koller Prada, Suzanne Koller, Gerhard Richter, — Rei Kawakubo, Martin Margiela, Domenico Dolce, Stefano Gabbana, Donatella Versace, Suzanne Koller “, Francesco Vezzoli, Olivier Rizzo, Ferdinando Verderi, Theaster Gates, Uma Thurman, Frank Ocean, Carla Sozzani, Corso, Vivienne Westwood, Yves Saint Laurent, jolie laide, “ She’s, Lotta Volkova, Miu Miu’s, Guido Palau, ‘, Tom Ford, prim, ” Prada, Prada PRADA, Luisa Prada —, Sozzani —, Miuccia’s, Luigi Bianchi, Godard, Pier Paolo Pasolini, Bertelli, we’re, Lorenzo Bertelli, Giulio Bertelli, they’re, ” Francesco Risso, ” Risso, Fabio Zambernardi, “ Bottega, Gaetano Pesce, Saint Laurent, Pedro Almodóvar, Rem Koolhaas, ” James Jean, Frédéric Sanchez, Sanchez, cardigans, Marc Jacobs, Robert Gober, Louise Bourgeois, there’s, Gober, Suzanne Koller Prada pongee, — Prada, Milano, Damien Hirst, ” Koolhaas, Koolhaas, “ I’d, Wes Anderson — who’s, Bar Luce, Fondazione Prada —, ” “, Hirst, Prada sighed, ’ ” Prada, Miuccia Prada hasn’t, Raf Simons, Prada’s, Simons, ” Simons, Dior, Calvin Klein, Jil Sander, ” he’d, Miuccia, ’ ”, Andrea Guerra, Lorenzo, who’d, ” Miu, Antoneta Alamat, ” Miuccia Prada, Elio Berenett, Saunders, Awar Odhiang, Jonas Glöer, Chloe Nguyen, Estrella Gomez, America Gonzalez, Marie Duhart, Rafael Medeiros, Stefano Poli, Ariel Sadok, Cameron Koskas, Vassili, Alexandra Adams, Vincent Brière, Vira, Natsuki Oneyama, Joel Phillips, Manicurist’s, Akane Kanazawa, Marek Dague, ANNETTE BENING, Diana Nyad, “ Nyad, Bening’s, Jimmy Chin, Elizabeth Chai Vasarhelyi, Alex Honnold’s, ” Chin, Nyad, Bening, Rada Owen, Owen “, Ralph Lauren, Carrie Fisher’s, Julia ”, Robert Caro, ” Bening, that’s, Delphine Danhier Gabriela Hearst poncho, Dianne Feinstein, Austin Butler, Elvis, manqué, Mike Mills, Nyad ”, Diana, he’s, Cillian Murphy, “ Oppenheimer, Kurt Collins, BENING, Tina, Tony, Pierre Choderlos, didn’t, Marquise de Merteuil, Milos Forman’s “, Glenn Close, Valmont, Lisa Cholodenko, Meryl Streep, Alexander McQueen, Forman, Stephen Frears, Myra Langtry, Langtry, Bugsy ”, Warren Beatty, moll Virginia Hill, Reagan, “ I’ve, Fairuza, “ Valmont ”, “ Bugsy ”, “ Bugsy, ” Everett, Jeremy Irons, Julianne Moore, Suzanne Tenner, Billy Crudup, Merrick Morton, “ Nyad ”, ” Liz Parkinson, Liz Parkinson, Angela Bassett, Frances McDormand, Tilda Swinton, Rather, you’re, Pete Zuccarini, Jodie Foster, Nyad’s, Tracy Letts, ” Letts, — “, Beatty, ” Mills, Ella Beatty, ” Vasarhelyi, Dale Carnegie’s, Sophie Buhai, Vasarhelyi, I’ve, slathering, Michael Douglas, Robert De Niro, Harrison Ford, Julia, callow, Shaun Evans, Corey Stoll, Howard Hughes —, Jesse Hoffman, Cam Lindfors, Christian Scutt, Ronna Jones, Francesca Martin, Susie Kourinian, Rachel Pollen, Jazmine Robinson, HENRY TAYLOR, Taylor, Thom Browne cardigan, Philando, Diamond Reynolds, Henry Taylor’s “, Mark Dever, Dever, ” Dever, Castile, he’ll, Steve Cannon, Cannon, ” Taylor, Joshua White, panhandlers —, Cora, isn’t, He’s, Michelle Obama, Bob Dylan, Alice Coachman, Chuck Berry, Jay, Stanley Williams, Haile Selassie I, Taylor’s “ Cora, Jeff McLane Taylor, — Pablo Picasso, Philip Guston, Henri Matisse, Robert Rauschenberg —, Donald Trump’s, he’d, Picasso, Jordan Casteel, Kerry James Marshall, Jennifer Packer, Amy Sherald, Barack Obama, Michelle, Pharrell Williams, Kendrick Lamar’s, He’d, Emmett Till, Till, Till’s, Dana Schutz, Hannah Black, Schutz, William Styron, Nat Turner, George Jackson, Randy, Jackson, “ George Jackson ”, Dylan, Medgar Evers, Evers, Ku Klux Klan who’d, Taylor’s “ Cicely, Miles, Sam Kahn, Hershal, Taylor didn’t, Taylor’s, who’s, Bill Traylor, James Jarvaise, Jarvaise, Rauschenberg, Jasper Johns, Louise Nevelson, Frank Stella, Mark Bradford —, Hauser, Wirth —, Michel Foucault, Jacques Derrida Organizations: Burger, Swatch, Irvington High School, Black Arts, Hit Factory, Ramada, Hollywood, Flavor Unit Entertainment, CBS, WHO, Factory, Irvington, Tommy Boy Records, Unit, Michael Ochs Archives, Getty, AMC, Play Studios, Music Resource Center, “ Chicago ”, HBO, Jazz, Mo’Nique, Sugar Hill Records, Winki, ”, NBCU, Warner Brothers, Fox, Miramax, Paramount, Fox Searchlight Pictures, Everett, Bank, BET, Hawks, Mori, Digital, Fondazione Prada, New, Galleria Vittorio, Prada, Prada Group, Olympic, Harvard, Gucci, University of Milan, Union of Italian, Communist Party, ABC, Suzanne Koller Journalists, Yorker, Milano Prada Arte, Fondazione, tote, New York, Guggenheim, OMA, Next Management, Oui Management, Ford Models, Lumien, Management Paris, IMG Models, America, Bryant Artists, Key West, Liverpool ”, SAG, Telluride Film, Variety, Broadway, Miami, Writers Guild of America, Orion Pictures, DreamWorks, Sony Pictures, Netflix, Kimberley, Juilliard, Forward Artists, Minn, Facebook, Hauser & Wirth, Museum of Contemporary Art, Whitney Museum of American Art, MoMA, Los, Whitney Biennial, Biennial, Black America, New York Times, Louis Vuitton, Black Panthers, U.S ., San, Prison, Ku Klux Klan, Ardmore, New York’s Museum of Modern, California Institute of Arts, Wirth Locations: America, Newark , N.J, Midtown Manhattan, Hudson, Brooklyn, Hit Factory , New York City, NoHo, New York City, Lafayette 148 New York, New Jersey, British, Newark, Jersey, Baltimore, Chicago, Milwaukee, New York, Queens, ”, “, Hollywood, “ Chicago, Watts, Milan, Canadian, Switzerland, Marfa , Texas, Italian, Belgian, Corso Como, Paris, chino, Firstview, Milanese, Alberto, Europe, Italy, —, Taiwanese American, there’s, Manhattan, Koolhaas, Rotterdam, Netherlands, New, Antwerp, Croatian, Havana, Key, Fla, Bening, Dominican Republic, Capitan, Yosemite, San Diego, Los Angeles, Simi Valley, Calif, Givenchy, Liverpool, Nyad, Cuba, Florida, San Francisco, Denver, Tina Howe’s, Champagne, yips, Kimberley, “ Nyad, American, Topeka, Kan, Wichita, San Fernando Valley, San Carlos, Koreatown, Philando Castile, St, Paul, Oxnard, California, Mississippi, U.S, San Quentin, Castile, bro, Naples, East Texas, Ardmore, Alabama

☆ How Miuccia Prada Reinvented Fashion
▼ + stars: | 2023-10-19 | by ( Nick Haramis | ) www.nytimes.com time to read: +111 min

A few seasons earlier, for Miu Miu’s spring 2022 collection, Prada delivered raw-edge chino micro-miniskirts belted below the hip bone. Firstview (8); courtesy of Prada PRADA STILL resides in the Milanese apartment where she and her two older siblings, Marina and Alberto, grew up. In 1993, her days of on-the-ground protest behind her — she’d long stopped handing out flyers at rallies — Prada and Bertelli created Milano Prada Arte, which later became the Fondazione Prada. Styled by Suzanne Koller FOR THE PAST few years, Miuccia Prada hasn’t had to do quite as much all by herself. © TriStar/Everett Collection Bening and Warren Beatty in “Bugsy.” Everett Collection Bening in “American Beauty” (1999).

Persons: Queen Latifah Annette Bening Henry Taylor Miuccia Prada, I’m, Queen Latifah, Henry Taylor, D’Angelo Lovell Williams, Miuccia Prada, Collier Schorr, Annette Bening, Katy Grannan, Delphine Danhier, Rob Talty, Sara Tagaloa, Rahim Fortune, Ian Bradley, Iasia Merriweather, Raisa, Prada, you’ve, YANAGIHARA, MIUCCIA PRADA, David Cronenberg, Jean, Luc Godard, Dara Birnbaum, Galleria Vittorio Emanuele II, Mario Prada, Patrizio Bertelli, Miu Miu, Guy Marineau, Condé Nast, ”, “, Homer, “ Prada Marfa, Lauren Weisberger’s, Wears, Drake, Prada hasn’t, Carsten Höller, “ It’s, Suzanne Koller Prada, Suzanne Koller, Gerhard Richter, — Rei Kawakubo, Martin Margiela, she’s, Domenico Dolce, Stefano Gabbana, Donatella Versace, Suzanne Koller “, Francesco Vezzoli, Olivier Rizzo, Ferdinando Verderi, Theaster Gates, Uma Thurman, Frank Ocean, —, Carla Sozzani, Corso, Vivienne Westwood, Yves Saint Laurent, jolie laide, It’s, “ She’s, Lotta Volkova, Miu Miu’s, Guido Palau, they’d, ‘, Tom Ford, prim, ” Prada, Prada PRADA, Luisa Prada —, Sozzani —, Miuccia’s, Luigi Bianchi, she’d, Godard, Pier Paolo Pasolini, Bertelli, we’re, Lorenzo Bertelli, Giulio Bertelli, they’re, ” Francesco Risso, ” Risso, Fabio Zambernardi, “ Bottega, Gaetano Pesce, Saint Laurent, Pedro Almodóvar, Rem Koolhaas, ” James Jean, Frédéric Sanchez, Sanchez, cardigans, Marc Jacobs, Robert Gober, Louise Bourgeois, there’s, Gober, Suzanne Koller Prada pongee, — Prada, Milano, Damien Hirst, ” Koolhaas, Koolhaas, “ I’d, Wes Anderson — who’s, Bar Luce, Fondazione Prada —, ” “, Hirst, Prada sighed, ’ ” Prada, Miuccia Prada hasn’t, Raf Simons, Prada’s, Simons, ” Simons, Dior, Calvin Klein, Jil Sander, ” he’d, Miuccia, ’ ”, Andrea Guerra, Lorenzo, who’d, ” Miu, Antoneta Alamat, ” Miuccia Prada, Elio Berenett, Saunders, Awar Odhiang, Jonas Glöer, Chloe Nguyen, Estrella Gomez, America Gonzalez, Marie Duhart, Rafael Medeiros, Stefano Poli, Ariel Sadok, Cameron Koskas, Vassili, Alexandra Adams, Vincent Brière, Vira, Natsuki Oneyama, Joel Phillips, Manicurist’s, Akane Kanazawa, Marek Dague, QUEEN LATIFAH, DANA OWENS, She’d, Melle Mel, Big Daddy Kane, D.J.s, Owens, Nikki Giovanni, Octavia E, Butler, M.C.s, Latifah, Jazzy Joyce, MC Lyte, Lyte, ” Latifah, We’re, She’s, Shakim Compere, Norma Kamali, David Yurman, David Webb, Ian Bradley Louis Vuitton, Monie, Gary Gray’s, Tracy Oliver, Kenya Barris, Megan Thee, Viola Davis, it’s, LATIFAH, Michael Jackson, who’ve, Shakim, Rita Owens, Compere, Rita, scions, Amina, Amiri Baraka, Lauryn Hill, Latifah wasn’t, Lyte’s, Roxanne, Roxanne Shanté, Dana Owens, Danyel Smith, Queen Latifah —, Latifah ”, Tommy Boy, Jada Pinkett Smith, I’d, ’, ” Pinkett Smith, Al Pereira, Michael Ochs, Raymond Boyd, Getty, D’s, Gray, Latifah’s, Luther Vandross’s, Lancelot Owens Jr, Winki, Kierna Mayo, Love, merrily hyperhappy, Harriet Tubman, Angela Davis, Winnie Mandela, Tipper Gore, Al Gore, ” Love, Giorgio Armani, Van Cleef, Will Smith’s, Bel, Amanda Wicks, John Singleton’s “, Cleo, Clover Hope, “ Will, Smith, Wright ”, “ Bessie, Bessie Smith, Dee Rees, Ma Rainey, Jack Gee, Michael K, Williams, Compere’s, helpfully, Sylvia Robinson, Debra Martin Chase, Wright ” —, Lancelot Owens Sr, Pinkett Smith, Edward Woodward, Denzel Washington, Latifah’s Robyn McCall, Danyel, Vi, Lorraine Toussaint, Robyn, Paul Drinkwater, Cress Williams, Adam Lazarre, Everett, Kimberly Elise, Vivica, Nicola Goode, LL, “ Bessie ”, Frank Masi, David Lee, Jocelyn Prescod, scleroderma, David Jolicoeur, Love —, Eboni Nichols, she’ll, gazes, Bruce Springsteen, Sarah Vaughan, Frank Sinatra, “ I’m, They’ve, Cartier, Iasia Estée, Raisa Flowers, Adrien Potier, Fallou, Nuvany David, Manicurist, Lisa Logan, Derrick Bernard, Casey Jones, Stylist’s, Charles Ndiomu, Tyler Sparling, ANNETTE BENING, Diana Nyad, “ Nyad, Bening’s, Jimmy Chin, Elizabeth Chai Vasarhelyi, Alex Honnold’s, ” Chin, Nyad, Bening, Rada Owen, Owen “, Ralph Lauren, Carrie Fisher’s, Julia ”, Robert Caro, ” Bening, that’s, Delphine Danhier Gabriela Hearst poncho, Dianne Feinstein, Austin Butler, Elvis, manqué, Mike Mills, Nyad ”, Diana, he’s, Cillian Murphy, “ Oppenheimer, Kurt Collins, BENING, Tina, Tony, Pierre Choderlos, didn’t, Marquise de Merteuil, Milos Forman’s “, Glenn Close, Valmont, Lisa Cholodenko, Meryl Streep, Alexander McQueen, Forman, Stephen Frears, Myra Langtry, Langtry, Bugsy ”, Warren Beatty, moll Virginia Hill, Reagan, “ I’ve, Fairuza, “ Valmont ”, “ Bugsy ”, “ Bugsy, ” Everett, Jeremy Irons, Julianne Moore, Suzanne Tenner, Billy Crudup, Merrick Morton, “ Nyad ”, ” Liz Parkinson, Liz Parkinson, Angela Bassett, Frances McDormand, Tilda Swinton, Rather, you’re, Pete Zuccarini, Jodie Foster, Nyad’s, Tracy Letts, ” Letts, — “, Beatty, ” Mills, Ella Beatty, ” Vasarhelyi, Dale Carnegie’s, Sophie Buhai, Vasarhelyi, I’ve, slathering, Michael Douglas, Robert De Niro, Harrison Ford, Julia, callow, Shaun Evans, Corey Stoll, Howard Hughes —, Jesse Hoffman, Cam Lindfors, Christian Scutt, Ronna Jones, Francesca Martin, Susie Kourinian, Rachel Pollen, Jazmine Robinson, HENRY TAYLOR, Taylor, Thom Browne cardigan, Philando, Diamond Reynolds, Henry Taylor’s “, Mark Dever, Dever, ” Dever, Castile, he’ll, Steve Cannon, Cannon, ” Taylor, Joshua White, panhandlers —, Cora, isn’t, He’s, Michelle Obama, Bob Dylan, Alice Coachman, Chuck Berry, Jay, Stanley Williams, Haile Selassie I, Taylor’s “ Cora, Jeff McLane Taylor, — Pablo Picasso, Philip Guston, Henri Matisse, Robert Rauschenberg —, Donald Trump’s, he’d, Picasso, Jordan Casteel, Kerry James Marshall, Jennifer Packer, Amy Sherald, Barack Obama, Michelle, Pharrell Williams, Kendrick Lamar’s, He’d, Emmett Till, Till, Till’s, Dana Schutz, Hannah Black, Schutz, William Styron, Nat Turner, George Jackson, Randy, Jackson, “ George Jackson ”, Dylan, Medgar Evers, Evers, Ku Klux Klan who’d, Taylor’s “ Cicely, Miles, Sam Kahn, Hershal, Taylor didn’t, Taylor’s, who’s, Bill Traylor, James Jarvaise, Jarvaise, Rauschenberg, Jasper Johns, Louise Nevelson, Frank Stella, Mark Bradford —, Hauser, Wirth —, Michel Foucault, Jacques Derrida Organizations: Fondazione Prada, New, Galleria Vittorio, Prada, Prada Group, Olympic, Harvard, Gucci, University of Milan, Union of Italian, Communist Party, ABC, Suzanne Koller Journalists, Yorker, Milano Prada Arte, Fondazione, tote, New York, Guggenheim, OMA, Next Management, Oui Management, Ford Models, Lumien, Management Paris, IMG Models, America, Bryant Artists, Burger, Swatch, Irvington High School, Black Arts, Hit Factory, Ramada, Hollywood, Flavor Unit Entertainment, CBS, WHO, Factory, Irvington, Tommy Boy Records, Unit, Michael Ochs Archives, Getty, AMC, Play Studios, Music Resource Center, “ Chicago ”, HBO, Jazz, Mo’Nique, Sugar Hill Records, Winki, ”, NBCU, Warner Brothers, Fox, Miramax, Paramount, Fox Searchlight Pictures, Everett, Bank, BET, Hawks, Mori, Digital, Key West, Liverpool ”, SAG, Telluride Film, Variety, Broadway, Miami, Writers Guild of America, Orion Pictures, DreamWorks, Sony Pictures, Netflix, Kimberley, Juilliard, Forward Artists, Minn, Facebook, Hauser & Wirth, Museum of Contemporary Art, Whitney Museum of American Art, MoMA, Los, Whitney Biennial, Biennial, Black America, New York Times, Louis Vuitton, Black Panthers, U.S ., San, Prison, Ku Klux Klan, Ardmore, New York’s Museum of Modern, California Institute of Arts, Wirth Locations: Milan, Canadian, Switzerland, New York, ”, Marfa , Texas, Italian, Belgian, Corso Como, Paris, British, chino, Firstview, Milanese, Alberto, Europe, Italy, —, “, Taiwanese American, there’s, Manhattan, Koolhaas, Rotterdam, Netherlands, New, Antwerp, Croatian, America, Newark , N.J, Midtown Manhattan, Hudson, Brooklyn, Hit Factory , New York City, NoHo, New York City, Lafayette 148 New York, New Jersey, Newark, Jersey, Baltimore, Chicago, Milwaukee, Queens, Hollywood, “ Chicago, Watts, Havana, Key, Fla, Bening, Dominican Republic, Capitan, Yosemite, San Diego, Los Angeles, Simi Valley, Calif, Givenchy, Liverpool, Nyad, Cuba, Florida, San Francisco, Denver, Tina Howe’s, Champagne, yips, Kimberley, “ Nyad, American, Topeka, Kan, Wichita, San Fernando Valley, San Carlos, Koreatown, Philando Castile, St, Paul, Oxnard, California, Mississippi, U.S, San Quentin, Castile, bro, Naples, East Texas, Ardmore, Alabama

Samsung's 11-year-old investment in ASML has been hugely lucrative. Over the past decade, ASML shares have delivered a whopping 25% annualised return to its shareholders. It's part of Samsung's ambitious $230 billion commitment to bolster South Korea's semiconductor and high-tech sectors over the next 20 years. Moreover, Samsung's cash is probably held in overseas affiliates and subsidiaries across different jurisdictions; its annual report lists hundreds of entities abroad. That should help ease Samsung’s vexing cash bind, but the company may still need to come up with some creative funding choices.

Persons: Taiwan's TSMC, ASML, Antony Currie, Thomas Shum Organizations: Reuters, Samsung Electronics, Korean Economic, Intel, Samsung, HK, SFA Engineering, Apple, Korea Economic, Thomson Locations: HONG KONG, KS, ASML, United States, Korea

A child plays the game "Honour of Kings" by Tencent at home in Dezhou, Shandong province, China July 2, 2017. REUTERS/Stringer Acquire Licensing RightsHONG KONG, Aug 17 (Reuters Breakingviews) - China's economic woes have gifted Tencent (0700.HK) an unexpected silver lining. Revenue rose a decent 11% to 149 billion yuan ($20.4 billion), but fell slightly short of the average analyst forecast compiled by Refinitiv. That compares to the 151.7 billion yuan average analyst forecast of 21 analysts compiled by Refinitiv. Adjusted net profit, after excluding certain one-time and non-cash items, rose 33% to 37.5 billion yuan.

Persons: Tencent, Stringer, HONG KONG, Refinitiv, James Mitchell, pare, Alibaba, Antony Currie, Thomas Shum Organizations: REUTERS, Reuters, HK, Revenue, Tencent, Citi, Refinitiv, Thomson Locations: Dezhou, Shandong province, China, HONG, Tencent, Hong Kong

☆ Sea sails recklessly into choppy e-commerce waters
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

Singapore-based Sea Limited Chairman and CEO Forrest Li, speaks during an interview with CNBC following his company's IPO on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 20, 2017. REUTERS/Brendan McDermid Acquire Licensing RightsHONG KONG, Aug 16 (Reuters Breakingviews) - Sea's (SE.N) boss Forrest Li has picked a turbulent time to rock the boat. But Li's declaration on Tuesday that it's time to "ramp up" investments again risks wiping out the hard-earned investor goodwill. Despite Li's assurances that Sea will keep emphasising self-sufficiency and cost efficiencies, investors promptly erased some $10 billion, or 29%, in market value. In July, the latter injected $845 million into its Southeast Asian arm, signalling a price war may be on the horizon.

Persons: Forrest Li, Brendan McDermid, HONG KONG, Li, China's Alibaba, Robyn Mak, Exor’s Philips, Bain, BoE, Antony Currie, Thomas Shum Organizations: CNBC, New York Stock Exchange, REUTERS, Reuters, HK, Twitter, FC Barcelona’s, Messi, Thomson Locations: Singapore, New York, U.S, HONG, York

HONG KONG, Aug 15 (Reuters Breakingviews) - Hong Kong has lost some permanent appeal. The introduction of two sets of approvals was mandated three decades ago when foreign investors wanted additional protections to invest in the first wave of Chinese firms listing in Hong Kong. China's domestic securities laws have since developed and global investors can now directly buy shares onshore through various channels. That could lead to more onshore shares being issued relative to offshore shares, further diluting minority owners in Hong Kong. In 2020, Hong Kong shareholders vetoed the Bank of Zhengzhou's proposal to avoid such an outcome.

Persons: Hong Kong, HKEX, Una Galani, Thomas Shum Organizations: Reuters, Hong Kong Exchanges, HK, China Securities Regulatory Commission, Asia Securities Industry, Financial Markets Association, Corporate Governance Association, China Life Insurance, Wall, Hong, Bank of, Companies, Global, Hang Seng China Enterprise Index, Graphics Global, Thomson Locations: HONG KONG, Hong Kong, China, Shanghai, Shenzhen, Hong

☆ Bain puts Chindata minority owners out of misery
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, Aug 14 (Reuters Breakingviews) - Bain Capital has just taught a refresher course in the perils of being a minority investor. On Friday the buyout firm agreed to take Chindata private in a deal that values the Chinese data centre operator it already controls at $3.2 billion. But those who bought in when the U.S. private equity firm took Chindata public in 2020 or were hoping for a bidding war – or both – have good reason to be disappointed. Second, a unit of state-owned conglomerate China Merchants Group countered Bain with a $3.4 billion deal, which Chindata took a month to acknowledge. And it has let investors holding another fifth or so of Chindata stock into the buyout group.

Persons: Bain’s, Bain, Chindata, Antony Currie, BoE, Robyn Mak, Katrina Hamlin Organizations: MELBOURNE, Reuters, Bain Capital, China Merchants Group, China Merchants, Twitter, FC Barcelona’s, Messi, Siemens, Thomson Locations: New York

☆ Alibaba previews benefits of slimming down
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Aug 11 (Reuters Breakingviews) - Just months after announcing a six-way breakup, Alibaba's (9988.HK) corporate overhaul is off to a good start. Quarterly sales jumped 14% year-on-year in the three months to June and all its main business units are growing again. That should ease concern that Alibaba is losing market share to rivals like PDD (PDD.O). In logistics and digital media, both reported positive adjusted earnings before interest, tax and amortisation in the recent quarter, versus losses a year ago. It’s early days but a more focused and less bloated Alibaba is starting to emerge.

Persons: It’s, Robyn Mak, Una Galani, Katrina Hamlin Organizations: Reuters, HK, Twitter, Siemens, Thomson Locations: HONG KONG

☆ Bubble tea will test limits of China’s consumers
▼ + stars: | 2023-08-08 | by ( Thomas Shum | ) www.reuters.com time to read: +3 min

HONG KONG, Aug 8 (Reuters Breakingviews) - Bubble tea may be the new bellwether for the Chinese consumer. At least half a dozen boba-drink makers, including China’s largest chain by store count, Mixue Bingcheng, are planning initial public offerings in Hong Kong or the United States, Bloomberg reports. Shares in Hong Kong-listed Nayuki (2150.HK), the country’s only publicly traded bubble tea chain, have dropped 70% since their debut in 2021. Follow @t__shum on TwitterCONTEXT NEWSAt least six bubble tea companies are looking to go public in either Hong Kong or the United States, Bloomberg reported on July 24 citing people familiar with the matter. In 2022, China’s biggest bubble tea chain by store count, Mixue Bingcheng, filed for a $918 million initial public offering in Shenzhen.

Persons: Mixue, Gen, Mixue Bingcheng, Robyn Mak, Katrina Hamlin, Pranav Kiran Organizations: Reuters, Bloomberg, HK, KFC, Haidilao, Refinitiv, Thomson Locations: HONG KONG, Hong Kong, United States, Beijing, China, Shenzhen

HONG KONG, Aug 3 (Reuters Breakingviews) - South Korea’s dealmaking skeletons are back to haunt. Paul Singer's Elliott opposed a $9 billion union eight years ago of Samsung C&T (028260.KS) and Chiel Industries. South Korea’s successful prosecution of Lee, Park and a former minister that oversaw NPS, provided cause for Elliott to demand payback. Elliott sued in 2018 and the Permanent Court of Arbitration in the Hague in June awarded the U.S. fund over $100 million. Far from being the end of it though, President Yoon Suk Yeol’s government is contesting that award in a British arbitration court.

Persons: Samsung's Lee, Paul Singer's Elliott, Elliott, Jay Y, Lee, Park Geun, Yoon Suk, Hague, Yoon, Taiwan's TSMC, Una Galani, Thomas Shum Organizations: Reuters, Korea Inc, Samsung, Chiel Industries, National Pension Service, NPS, U.S ., Korea, Trade, Global, Samsung Electronics, Apple, Tokyo, Korea's Ministry, Justice, Elliott Investment, Thomson Locations: HONG KONG, U.S, Hague, Seoul, Korea, China, Beijing, Washington, Taiwan, Japan, South Korea, United States

☆ Sweden to play US in last 16 after beating Argentina while South Africa makes history
▼ + stars: | 2023-08-02 | by ( Matt Foster | ) edition.cnn.com time to read: +6 min

CNN —A meeting between Sweden and the US in the first knockout stage of the Women’s World Cup was confirmed on Wednesday as the Scandinavian side beat Argentina 2-0. Banyana Banyana’s 3-2 win at the Wellington Regional Stadium marked the African nation’s first win ever at a Women’s World Cup having qualified twice. South Africa makes historyOver in Hamilton, Banyana Banyana had to come from behind after Arianna Caruso put Italy ahead through a penalty early on. Benedetta Orsi is consoled by her teammate Lucia Di Guglielmo after scoring an own goal against South Africa. Catherine Ivill/Getty ImagesThe second half saw something of an onslaught from South Africa, who continually regained the ball high up the pitch and got numbers forward en masse.

Persons: Sofia Jakobssen, Rebecka Blomqvist, Argentina’s, Elin Rubensson, Banyana Banyana, Arianna Caruso, Robyn Moodaly, Benedetta Orsi, goalkeepr Francesca Durante, Durante, Orsi, Lucia Di Guglielmo, Catherine Ivill, Hildah Magaia, Banyana, Cristiana Girelli’s, Caruso, Gireilli, Thembi Kgatlana, Desiree Ellis, Valentina Giacinti, Kgatlana, Ellis ’, FIFA’s Organizations: CNN, Argentina, Wellington, Cup, South American, Waikato, Sofia, FIFA, US, Tokyo, National Team, South, Portugal Locations: Sweden, Italy, South Africa, Hamilton, New Zealand, Africa, Netherlands, England, Australia, Argentina

E-commerce app Temu is taking on the larger Shein by selling cheap Chinese-made goods to Western consumers. The company owned by $119 billion PDD (PDD.O) is more like an online dollar store. Moreover, Temu offers generous discounts and free or subsidised shipping to users. Parent company PDD, whose Pinduoduo e-commerce unit competes with Alibaba (9988.HK) and JD.com (9618.HK) in China, discloses little about its overseas business. Temu offers everything from home appliances to electronics to toys, making it more of a direct competitor to Amazon.

Persons: Shein, Breakingviews, Temu, PDD, Bernstein, Peter Thal Larsen, Aditya Munjuluru, Thomas Shum Organizations: Reuters, United States, Wall Street, Temu, Bloomberg, HK, PDD, Thomson, & $ Locations: HONG KONG, Western, China, U.S, United States, Shein

☆ Walmart focuses India’s retail valuation debate
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, July 31 (Reuters Breakingviews) - Walmart (WMT.N) is bumping up its stake in Flipkart, India’s e-commerce giant, at a handsome valuation. The U.S. retailer is buying shares from Tiger Global for $1.4 billion, according to the Wall Street Journal. It’s a good deal for the seller as investors assess India’s hottest retail businesses. Reliance Industries’ (RELI.NS) retail unit might come sooner; analysts peg its valuation anywhere between $57 billion and $131 billion. How the market finally values India’s consumer will be closely watched.

Persons: India’s, Japan’s SoftBank, Robyn Mak, Pranav Kiran Organizations: Reuters, Walmart, Tiger Global, Wall Street, Reliance Industries, Twitter, BT boss’s, of Japan, Thomson Locations: MUMBAI, Flipkart, U.S, Una

“In the age of AI, where data is the new oil, China is the new Saudi Arabia”, venture capitalist Lee Kai-fu declared in 2018. Washington may soon tighten export restrictions to China by targeting AI semiconductors, according to the Wall Street Journal. A slowing economy and brutal price war in the fiercely competitive cloud market will only make monetising AI products harder. China’s AI moment has arrived, only with far less promise than initially hoped. China wants to become a world leader in AI by 2030, according to a 2017 roadmap released by the State Council.

Persons: Lee Kai, OpenAI's, Xi Jinping, Goldman Sachs, Robin Li, Baidu’s, Bernstein, SenseTime, Xi, Una Galani, Thomas Shum Organizations: Reuters, Saudi Arabia ”, OpenAI's ChatGPT, European Union, Baidu, HK, Nasdaq, Washington, Wall Street, Nvidia, AMD, Microsoft, CloudWalk Technology, Cyberspace Administration, China, State, Thomson Locations: HONG KONG, China, Republic, Saudi Arabia, United States, Beijing, York, Shanghai

Risk factors usually flag uncertainties in how Chinese laws are interpreted and enforced as well as the government's "substantial oversight and influence" over businesses. Chinese regulators want those boilerplate disclosures dropped; if not, offshore listing applications could be denied approval. Trying to appease both American and Chinese regulators will get tougher. On Friday, Chinese regulators held a rare meeting with KKR (KKR.N), Blackstone (BX.N), Carlyle (CG.O) and others to ensure they can continue to invest in the country. China's new offshore listing rules came into effect on March 31.

Persons: Didi Global, underwriters Goldman Sachs, Morgan Stanley, JPMorgan Chase, Carlyle, Una Galani, Thomas Shum Organizations: Reuters, Global, U.S . Securities, Exchange Commission, underwriters, JPMorgan, KKR, Blackstone, Bloomberg, Communist Party, China Securities Regulatory Commission, SEC, Thomson Locations: HONG KONG, Beijing, Hong Kong, United States, New York, China

☆ TSMC’s awkward signalling opens up chip limbo
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, July 21 (Reuters Breakingviews) - Is the chip market bottoming out? On the other hand, executives struck an upbeat tone on artificial intelligence, and noted the company is adding capacity on that front. TSMC's lower full-year revenue guidance now casts doubt on a much-anticipated year-end or early-2024 rebound in demand for electronics that would reverse the industry supply glut. Even so, investors have no clearer insight into how fast global demand will pick up, nor how the AI frenzy will evolve. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: C.C, Wei, TSMC, Robyn Mak, whir, Una Galani, Thomas Shum Organizations: Reuters, Taiwan Semiconductor Manufacturing, TSMC, Twitter, Thomson Locations: HONG KONG

☆ Commonwealth Games hit a financial wall
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, July 18 (Reuters Breakingviews) - Anyone who signs up for a marathon soon hears about the metaphorical wall that exhausted runners often hit around three-quarters of the way through the race. Australia’s state of Victoria has just crashed into the financial equivalent, much earlier, in its preparations for hosting the 2026 Commonwealth Games. Rio de Janeiro lost $2 billion hosting the 2016 Olympic Games, for instance. Andrews’ government, though, also wanted the Games to be hosted in several different cities – and added more sports, per the Commonwealth Games organising body. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Daniel Andrews, Andrews, Antony Currie, Robyn Mak, Thomas Shum Organizations: MELBOURNE, Reuters, Victoria, Games, Commonwealth Games, Twitter, Cathay, Thomson Locations: Australia’s, Victoria, Rio de Janeiro

It is an unexpected truce between Sony, which makes Playstation consoles, and its far larger U.S. rival. Details have yet to be disclosed, and it's not clear why Sony, which Microsoft earlier offered a 10-year contract, has had a change of heart. Sony's video-game division reported digital software and content sales of $11 billion in the fiscal year to March. Yoshida has been selectively snapping up smaller gaming studios to beef up Playstation content, including splashing out $3.6 billion for developer Bungie. Details were not disclosed, but a Microsoft spokesperson clarified with various media that the deal is for 10 years.

Persons: it's, Boss Kenchiro Yoshida, Yoshida, Phil Spencer, Una Galani, Thomas Shum Organizations: Reuters, Activision Blizzard, Sony, Activision, Microsoft, Nintendo, Nvidia, U.S, UK Competition, Markets Authority, Bungie, Nikkei, Federal Trade, Thomson Locations: HONG KONG, U.S

☆ Bain’s Chindata buyout saga verges on absurd
▼ + stars: | 2023-07-13 | by ( Antony Currie | ) www.reuters.com time to read: +3 min

On first blush, that appears to be what Bain Capital (BCSF.N) is trying to do with Chinese data centre operator Chindata . But it’s a saga that’s starting to verge on the absurd. Bain took Chindata public on the Nasdaq in September 2020. Less than three years later, the U.S. leveraged buyout veteran offered $8 per American Depositary receipt, valuing the company at $2.9 billion. The company has yet to acknowledge the offer from China Merchants Capital.

Persons: Bain, Chindata, there’s, Bain’s, Robyn Mak, Thomas Shum Organizations: MELBOURNE, Reuters, Bain Capital, Nasdaq, U.S, Bloomberg, China Merchants Group, Chindata, Citi, Bain, China Merchants Capital, Thomson Locations: People’s Republic

☆ Private equity gears up for a deal fest Down Under
▼ + stars: | 2023-07-11 | by ( Antony Currie | ) www.reuters.com time to read: +5 min

So it’s fitting that one of the country’s most hotly contested deals involving overseas private equity firms is for Rugby Australia. It’s also a teaser for the deal fest buyout shops are gearing up for Down Under. Another veteran, Blackstone (BX.N), has doubled its private equity headcount over the past couple of years. Reuters GraphicsWith $676 billion of private equity dry powder in the Asia-Pacific region, according to consultancy Bain & Co, regularly capturing a two-fifths share implies up to $270 billion of capital could be heading Down Under in the coming years. Australia, he said, was too small and too competitive for private equity firms to make money.

Persons: It’s, Blackstone, EQT, they’re, it’ll, there’s, Brian Hong, Robyn Mak, Thomas Shum Organizations: MELBOURNE, Reuters, Rugby Australia, CVC Capital Partners, Australian Financial, Down, Brookfield Asset Management, CVC, Nine Entertainment, AusNet Services, MidOcean Energy, Origin Energy, Retirement Trust, Consumer, Sydney Airport, Bain & Co, Reserve Bank of Australia, U.S . Federal Reserve, Macquarie Capital, Thomson Locations: Asia, Australia, China, People’s Republic, Asia Pacific, Pacific

☆ China car price truce skids off road at first bend
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, July 10 (Reuters Breakingviews) - So much for an end to big discounts on new vehicles in China. On Saturday the China Association of Auto Manufacturers (CAAM) reversed out of the pledge it had brokered just two days earlier with Tesla (TSLA.O) and 15 domestic carmakers to curb a debilitating price war in which some models were being sold for 20% or more below their sticker price. But it quickly dawned on – or was made clear to – the CAAM that such wording might violate the spirit of China’s anti-monopoly law. It would have been a hard agreement to stick to anyway, with Volkswagen (VOWG_p.DE) and others refusing to sign it. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Tesla, Antony Currie, Robyn Mak, Thomas Shum Organizations: MELBOURNE, Reuters, China Association of Auto Manufacturers, Ministry of Industry, Information Technology, Volkswagen, Twitter, Thomson Locations: China

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